Tengowski - Viii 2 obama domestic policy
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Transcript of Tengowski - Viii 2 obama domestic policy
Obama’s Domestic Policy
Great Recession Continued
High Unemployment
• Unemployment Peaked: 10% (11/09) • Job Losses in 2009 (818,000)
American Recovery and Reinvestment Act (Feb 17, 2009)
$787 billion Economic Stimulus Package
Dodd-Frank Wall Street Reform and Consumer Protection Act
July 21, 2010
• Prevented lending companies from taking excessive risks that exploit consumers
www.whitehouse.gov
Tax Relief, Unemployment Insurance and Job Creation Act of 2010 (12/17/10)
$858 billion in tax relief and extension of unemployment benefits
www.irs.gov
Obama and Deficits
2009
2010
2011
2012
2013
2018
-$1.4 trillion
-$1.2 trillion
-$1.2 trillion
-$1.1 trillion
-$759 billion
-$475 billionwww.whitehouse.gov
Federal Debt$18.2 Trillion
$18,200,000,000,000(May 2015)
http://www.brillig.com/debt_clock/
All this spending increases the
Partisan Differences: National DebtObama vs. House Republicans
Government ShutdownOctober 1 – 16, 2013
Compromise Made: 10/17/13
• Pushed Debt Limit Decision until 2/7/14
Improving Economy
Economy Grew
(3rd Quarter)
(2013)
4.1%US Commerce Dept.
Unemployment: 5.4% (May 2015)
• Lowest unemployment rate of Obama’s presidency
Commerce Dept.
Stock Market (August 2013)
• Surpassed 2008 levelshttp://www.tradingeconomics.com
Major Obama Domestic Goal
Why is Health Care a Concern?
http://www.theatlantic.com/business/archive/2013/03/why-is-american-health-care-so-ridiculously-expensive/274425/
(Organization of Economic Cooperation and Development)
Patient Protection and Affordable Care Act (March 23, 2010)
• Provide competition to lower health insurance cost• Health care added to 32 million uninsured people
Obama: Civil Rights
Repealed: “Don’t Ask, Don’t Tell”September 20, 2011
Publicly Supported: Same Sex Marriage
http://www.cnn.com/2012/05/09/politics/obama-same-sex-marriage
Obama and the Supreme Court
Elena Kagan (2010)
Sonia Sotomayor (2009)
Civil Rights: Women
Next Issue: Stem Cell Research
Lifted ban on embryonic stem cells
http://www.nytimes.com/2009/03/10/us/politics/10stem.html
Stem Cell Hamburger (8/5/13)
Cost: $331,400 (Netherlands)Time 8/5/13